January 17, 2018

Reconciling Risk Sharing with Market Discipline: New Report by 14 French & German Economists

This comprehensive report on euro area reform was published today and co-authored by 14 French and German economists, including my Bruegel colleague Jean Pisani-Ferry, my PIIE colleague Jeromin Zettelmeyer and myself. It builds on earlier work, including my own particularly on banking union and Sovereign Concentration Charges. We view it as supporting the forthcoming EU-wide conversation on economic and financial reform, especially after the Italian election in March and the finalization of German coalition-forming negotiations.